Intel plans to cut thousands of jobs hit by PC slowdown

Intel plans to cut thousands of jobs amid PC slowdown: Bloomberg

Intel is reportedly planning to cut thousands of jobs amid a slowdown in the PC market, according to a new Bloomberg report. CNBC's 'Squawk on the Street' team discuss.

Intel plans to cut thousands of jobs

The US chip manufacturer is facing extensive staff reductions. Thousands of layoffs are due to be issued this month.

Intel may layoff thousands to cut costs amid demand slowdown: Report

In response to a slowdown in the personal computer industry, chipmaker Intel Corp is preparing a significant decrease in employment, possibly numbering in the thousands, according to a report by Bloomberg.

Intel plans to cut thousands of employees to cope with global PC market slowdown

The lay-offs are expected to be announced around the same time as Intel’s third-quarter earnings report on October 27.

Intel plans thousands of job cuts in face of PC slowdown

Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. Read full story

Intel plans to cut thousands of jobs hit by PC slowdown: Report

The company in July slashed its annual sales and profit forecasts after missing estimates for second-quarter results.